Aug 4, 2021
The shadow of the Olympics has hung over Japan’s range-bound stock market for months, with some fearing COVID-19 disaster while others hoping that medal wins would help the country mentally move past the pandemic.
With less than a week of the games to go, chances are looking good the Olympics themselves will be considered an achievement. COVID-related disruptions have been minimal, while Japan’s athletes have already taken home a record haul of gold medals.
However, the market outlook is mixed, with analysts divided over whether Japanese equities which usually get a boost from a rich medal haul will rally in the months ahead as vaccinations proceed apace. The alternative is that a growing wave of COVID-19 cases and public disillusionment over the handling of the pandemic lead to political instability, worsening the underperformance of Japan’s stock benchmarks.
Post-Olympics stock bounce in Japan depends on beating outbreak 3 min. today at 09:43
The Nikkei 225 is up just 0.5% for the year, among the worst-performing developed-market benchmarks tracked by Bloomberg The Nikkei 225 is up just 0.5% for the year, among the worst-performing developed-market benchmarks tracked by Bloomberg
The shadow of the Olympics has hung over Japanâs range-bound stock market for months, with some fearing Covid disaster while others have hoped medal wins would help the country mentally move past the pandemic.
With less than a week of the games to go, chances are looking good the Olympics themselves will be considered an achievement. Covid-related disruptions have been minimal, while Japanâs athletes have already taken home a record haul of 20 gold medals.
Gearoid Reidy and Shoko Oda, Bloomberg News Movie goers line up for a film Demon , Bloomberg
(Bloomberg) It was already one of Japanâs hottest TV series, as well as a best-selling comic book. Now itâs set to be the countryâs biggest movie ever.
A film based on the âDemon Slayer: Kimetsu no Yaibaâ franchise is poised to break a $300 million box-office record held since 2001 by âSpirited Away,â Studio Ghibliâs Oscar-winner. The tale of a band of sword-wielding demon fighters debuted in comic-book form in 2016, and reached breakout status this year after the animated movie hit theaters.